Wealthsimple

Wealthsimple in its acquisition of SimpleTax

Client

Wealthsimple

Value

-

Service

Emerging and High Growth Companies

Date Closed

September 2019

Industry

FinTech

Lead Office

Toronto

 

On September 24, 2019, Wealthsimple announced completion of its acquisition of Canadian tax software company, SimpleTax, which marks the financial technology company’s first move outside of saving and investing. The acquisition adds tax-filing capabilities to Wealthsimple’s portfolio, which includes an online investment platform, high interest savings account and a commission-free trading platform.

Founded in 2014, Wealthsimple is Canada’s largest and most popular digital wealth manager.

Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team led by Chad Bayne, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies) and Steven Dickie and Summer Danakas (Employment & Labour) and Dov Begun (Tax).